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Enact Holdings, Inc.（ACT）与CALIFORNIA WATER SERVICE GROUP（CWT）财务数据对比。点击上方公司名可切换其他公司
Enact Holdings, Inc.的季度营收约是CALIFORNIA WATER SERVICE GROUP的1.5倍（$312.7M vs $210.7M），Enact Holdings, Inc.同比增速更快（3.6% vs -3.3%），过去两年CALIFORNIA WATER SERVICE GROUP的营收复合增速更高（16.6% vs 3.6%）
Enact Holdings, Inc.是美国领先的私人抵押贷款保险服务商，为银行、信用社等各类住宅抵押贷款机构提供风险缓释解决方案，帮助首付较低的购房者获得可负担的住房贷款，助力更多美国普通消费者实现安居需求。
加利福尼亚水务集团是美国公共事业企业，主营饮用水及污水处理服务，是美国第三大上市投资者所有水务公司，通过加利福尼亚、夏威夷、新墨西哥、华盛顿等州的子公司，为约200万民众提供服务。集团成立于1997年，作为加州水务的控股主体，推动业务向美国其他各州拓展。
ACT vs CWT — 直观对比
营收规模更大
ACT
是对方的1.5倍
$210.7M
营收增速更快
ACT
高出6.9%
-3.3%
两年增速更快
CWT
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $312.7M | $210.7M |
| 净利润 | — | $11.5M |
| 毛利率 | — | — |
| 营业利润率 | 71.3% | 12.2% |
| 净利率 | — | 5.4% |
| 营收同比 | 3.6% | -3.3% |
| 净利润同比 | — | -41.0% |
| 每股收益（稀释后） | $1.23 | $0.19 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACTCWT
| Q4 25 | $312.7M | $210.7M | ||
| Q3 25 | $311.5M | $314.1M | ||
| Q2 25 | $304.9M | $256.2M | ||
| Q1 25 | $306.8M | $182.7M | ||
| Q4 24 | $301.8M | $217.8M | ||
| Q3 24 | $309.6M | $306.2M | ||
| Q2 24 | $298.8M | $226.7M | ||
| Q1 24 | $291.6M | $154.9M |
净利润ACTCWT
| Q4 25 | — | $11.5M | ||
| Q3 25 | — | $61.2M | ||
| Q2 25 | — | $42.2M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | — | $19.5M | ||
| Q3 24 | — | $60.7M | ||
| Q2 24 | — | $40.6M | ||
| Q1 24 | — | $69.9M |
营业利润率ACTCWT
| Q4 25 | 71.3% | 12.2% | ||
| Q3 25 | 67.4% | 22.5% | ||
| Q2 25 | 70.4% | 20.2% | ||
| Q1 25 | 68.9% | 12.2% | ||
| Q4 24 | 68.9% | 14.8% | ||
| Q3 24 | 74.1% | 21.8% | ||
| Q2 24 | 78.6% | 21.2% | ||
| Q1 24 | 70.6% | 50.3% |
净利率ACTCWT
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 19.5% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 17.9% | ||
| Q1 24 | — | 45.1% |
每股收益（稀释后）ACTCWT
| Q4 25 | $1.23 | $0.19 | ||
| Q3 25 | $1.10 | $1.03 | ||
| Q2 25 | $1.11 | $0.71 | ||
| Q1 25 | $1.08 | $0.22 | ||
| Q4 24 | $1.05 | $0.31 | ||
| Q3 24 | $1.15 | $1.03 | ||
| Q2 24 | $1.16 | $0.70 | ||
| Q1 24 | $1.01 | $1.21 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $582.5M | $51.8M |
| 总债务越低越好 | $744.5M | $1.5B |
| 股东权益账面价值 | $5.4B | $1.7B |
| 总资产 | $6.9B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.14× | 0.87× |
8季度趋势，按日历期对齐
现金及短期投资ACTCWT
| Q4 25 | $582.5M | $51.8M | ||
| Q3 25 | $545.6M | $76.0M | ||
| Q2 25 | $616.0M | $50.5M | ||
| Q1 25 | $639.0M | $44.5M | ||
| Q4 24 | $602.8M | $50.1M | ||
| Q3 24 | $674.9M | $59.6M | ||
| Q2 24 | $711.3M | $37.3M | ||
| Q1 24 | $624.3M | $42.8M |
总债务ACTCWT
| Q4 25 | $744.5M | $1.5B | ||
| Q3 25 | $744.1M | $1.1B | ||
| Q2 25 | $743.8M | $1.1B | ||
| Q1 25 | $743.4M | $1.1B | ||
| Q4 24 | $743.0M | $1.1B | ||
| Q3 24 | $742.7M | — | ||
| Q2 24 | $742.4M | — | ||
| Q1 24 | $746.1M | — |
股东权益ACTCWT
| Q4 25 | $5.4B | $1.7B | ||
| Q3 25 | $5.3B | $1.7B | ||
| Q2 25 | $5.2B | $1.7B | ||
| Q1 25 | $5.1B | $1.6B | ||
| Q4 24 | $5.0B | $1.6B | ||
| Q3 24 | $5.0B | $1.6B | ||
| Q2 24 | $4.8B | $1.5B | ||
| Q1 24 | $4.7B | $1.5B |
总资产ACTCWT
| Q4 25 | $6.9B | $5.7B | ||
| Q3 25 | $6.9B | $5.5B | ||
| Q2 25 | $6.8B | $5.4B | ||
| Q1 25 | $6.7B | $5.3B | ||
| Q4 24 | $6.5B | $5.2B | ||
| Q3 24 | $6.6B | $5.0B | ||
| Q2 24 | $6.3B | $4.9B | ||
| Q1 24 | $6.3B | $4.8B |
负债/权益比ACTCWT
| Q4 25 | 0.14× | 0.87× | ||
| Q3 25 | 0.14× | 0.65× | ||
| Q2 25 | 0.14× | 0.67× | ||
| Q1 25 | 0.15× | 0.68× | ||
| Q4 24 | 0.15× | 0.67× | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.16× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $724.5M | $47.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 4.17× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACTCWT
| Q4 25 | $724.5M | $47.9M | ||
| Q3 25 | $192.0M | $167.3M | ||
| Q2 25 | $119.5M | $48.9M | ||
| Q1 25 | $226.7M | $38.4M | ||
| Q4 24 | $686.3M | $68.1M | ||
| Q3 24 | $188.1M | $101.8M | ||
| Q2 24 | $144.7M | $94.4M | ||
| Q1 24 | $187.3M | $26.5M |
现金转化率ACTCWT
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 2.73× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 2.88× | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 0.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACT
暂无分部数据
CWT
| Residential | $133.2M | 63% |
| Business | $47.7M | 23% |
| Public Authorities | $13.4M | 6% |
| Industrial | $6.9M | 3% |
| Non Regulated Services | $4.8M | 2% |
| Other Non Regulated Service | $1.2M | 1% |
